The Paraplanners' Assembly Podcast

Paraplanners' Assembly host, Richard Allum, is joined guest expert, Barrie Dawson from M&G Wealth, to ask: 'What happens to tax wrappers when a client dies?'

It’s a big deal because, for surviving family and friends, knowing there's a posthumous financial plan of action can help avoid a wealth of distress, doubt and anxiety.

What’s more, getting it right has the potential to be one of those 'moments of truth' for clients – the kind of support they never forget and are grateful for years later.

For a start, you can listen to this lunch hour Assembly where we cover:

☑️ how tax works;

☑️ how money is distributed;

☑️ who needs to do what to get the money; and

☑️ where it needs to go.

We consider a whole variety of taxes – including income tax, inheritance tax and capital gains tax – as well as administrative issues such as probate. Plus we'll point out essential planning tips for paraplanners as we go too.

M&G Wealth have created a page on their website where you can download Barrie’s slides AND complete a brief test to obtain your CPD certificate for taking part.

Hosted on Acast. See acast.com/privacy for more information.

In the third and final Assembly in our 'It’s all kicking off in the world of retirement income planning' series we're joined by Karl Steadman from Just to explore three client case studies.

Each case allows us to consider the suitability of different strategies to meet the ambitions for retirement income of each client. In addition, we explored the effect of the Consumer Duty on client choices.

Karl refers to this slidedeck during his presentation (opens in a PDF). You'll probably find it helpful to try and follow along.

At the event page you'll find a video replay and lots of links mentioned during the event - including the CPD survey link.

Important: It's only fair to point out that the live recording ended pretty abruptly at precisely 41 mins and 52 secs. We hope you like the way we seamlessly deal with that in the edit.

Hosted on Acast. See acast.com/privacy for more information.

This is the second in our series of It’s all kicking off in the world of retirement income planning Assemblies exploring the new practicalities of retirement income planning – a series made possible with the support of our friends at Just.

In our first Assembly, we asked why it’s all kicking off in the world of retirement income and considered events that have prompted paraplanners to consider an expanding range of strategies to help clients achieve their retirement income goals.

In this Assembly we’ll be getting real by digging into the paraplanning practicalities. During the lunch hour session we expect to cover:  

• what the research says
• using forecasting software to consider annuities and secure lifetime income
• looking at modelling examples
• what it all means for assets under management and client risk profiles
• how it works on a platform

To help, were joined by guests Jean-Paul Grenade and Karl Steadman from Just. 

CPD and resources

You can find links to the slides that JP and Karl refer to during the event on the event page where you'll also find a link to a survey. If you complete the survey, a CPD record of your attendance will be emailed to you automatically.

Book the final session in the series now

In the third and final part of the series – you can book your spot here now – we’ll be gathering online at 1pm on 8 June 2023 to explore three case studies. Each case will allow us to consider the suitability of different strategies to meet the ambitions for retirement income of each client. Naturally, we’ll be considering how the Consumer Duty affects the choices available too. 

Listen to part one

If you missed the first Assembly in the series, pop over to the event page – visit Why is it all kicking off in the world of retirement income planning? – where you’ll find a video replay and podcast episode link plus links mentioned during the event.

Hosted on Acast. See acast.com/privacy for more information.

Years of stability in the retirement income planning world changed abruptly on 23 September 2022 when former Chancellor of the Exchequer, Kwasi Kwarteng, presented his ‘mini budget’.

Ever since, uncertainty about rising interest rates, anxieties about inflation, and even worries over the stability of pension funds themselves, have led paraplanners to rethink how clients can achieve the outcome they want from their financial plan.

One consequence of all this? Secure lifetime income has become a thing. And annuities are back in fashion.

In the first of a three-part series, Richard was joined by Karl Steadman from Just to explore what’s changed in the world of retirement income planning and what it means to paraplanners.

Hosted on Acast. See acast.com/privacy for more information.

New consumer duty rules come into force on 31 July (for new products and services, that is).

Yet as recently as last month, Citywire reported that 59% of advisers have not started preparing for the July deadline – that’s according to a survey of 1,000 advice firms commissioned by Aviva.

It got us wondering: what’s going on in advice practices across the UK?

Are firms comfortable with the deadline because they’re confident they’ve got all the consumer duty bases covered? 

Or could they be underestimating the effect the consumer duty rules will have on how we all communicate with clients?

What’s happening where you work? And with client communications at the heart of the Duty – and the role of paraplanners – should we be worried?

To explore what’s going on, we invited Aegon UK’s public affairs director, Steven Cameron, and Gemma Knight, a director of Compliance and Training Solutions (CATS), to join us online for a lunch-hour Assembly.

Is your firm ready for the 31 July deadline? 

Listen to our latest podcast episode to find out!

Hosted on Acast. See acast.com/privacy for more information.

Les Cameron of M&G Wealth joined us to explore what the Budget in March 2023 meant for paraplanners, financial planners and clients.

Over the course of a lunch hour, as well as fielding questions from paraplanners in the chat, Les talked through the key financial planning questions of the Chancellor of the Exchequer's statement.

In particular, Les tackled the changes to lifetime and and annual allowances and their consequences. 

Hosted on Acast. See acast.com/privacy for more information.

As paraplanners enter their busiest time of year, we invited Transact's head of technical services, Brian Radbone, to share his top tips as we hurtle towards the 5 April tax year end deadline. 

In just 13 minutes podcast host, Richard Allum, and Brian cram in top tips that cover pensions, income tax, ISAs, CGT, bonds and IHT.

Hosted on Acast. See acast.com/privacy for more information.

With examination season looming, we took a timely tour of the tips and techniques that could give you the edge in your exams.

Host, Richard Allum, was joined by two guests:

Natalie Dawes is an Academy Support Adviser with Bespoke Training Solutions (or BTS). Natalie provides ‘side-by-side’ learning support that can be adapted to meet the different needs of candidates who are preparing for professional exams.

Not only is Alan Gow one of the UK’s most experienced outsourced paraplanners but, as a Chartered Financial Planner, Fellow of the Personal Finance Society and a CISI Accredited Paraplanner, the Argonaut Paraplanning founder knows a thing or two about about qualifications and how to achieve them.

During the one-hour lunchtime Assembly, Natalie and Alan shared insights into revision tips and exam techniques that have worked for them or the candidates they work with.

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.